Hager Investment Management Services LLC Reduces Stock Position in RTX Corporation $RTX

Hager Investment Management Services LLC lessened its stake in RTX Corporation (NYSE:RTX) by 5.2% in the second quarter, HoldingsChannel reports. The firm owned 8,105 shares of the company’s stock after selling 448 shares during the period. Hager Investment Management Services LLC’s holdings in RTX were worth $1,183,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Bay Capital Advisors LLC bought a new stake in RTX in the 1st quarter worth approximately $224,000. Dynamic Advisor Solutions LLC grew its position in RTX by 8.4% in the 1st quarter. Dynamic Advisor Solutions LLC now owns 34,657 shares of the company’s stock worth $4,591,000 after purchasing an additional 2,686 shares during the period. Brookwood Investment Group LLC purchased a new position in shares of RTX during the 1st quarter worth $1,288,000. LBP AM SA grew its position in shares of RTX by 17.7% during the 1st quarter. LBP AM SA now owns 279,179 shares of the company’s stock valued at $36,980,000 after acquiring an additional 41,990 shares during the period. Finally, Arizona State Retirement System grew its position in shares of RTX by 1.4% during the 1st quarter. Arizona State Retirement System now owns 390,617 shares of the company’s stock valued at $51,741,000 after acquiring an additional 5,356 shares during the period. Institutional investors own 86.50% of the company’s stock.

RTX Stock Down 0.5%

RTX opened at $168.47 on Thursday. The firm has a 50-day simple moving average of $158.89 and a two-hundred day simple moving average of $144.61. RTX Corporation has a 52 week low of $112.27 and a 52 week high of $170.85. The company has a market capitalization of $225.50 billion, a PE ratio of 37.03, a price-to-earnings-growth ratio of 3.12 and a beta of 0.66. The company has a quick ratio of 0.75, a current ratio of 1.01 and a debt-to-equity ratio of 0.60.

RTX (NYSE:RTX) last announced its earnings results on Tuesday, July 22nd. The company reported $1.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.45 by $0.11. The firm had revenue of $21.58 billion for the quarter, compared to analysts’ expectations of $20.68 billion. RTX had a net margin of 7.35% and a return on equity of 12.89%. The business’s revenue was up 9.4% compared to the same quarter last year. During the same period in the prior year, the company earned $1.41 EPS. RTX has set its FY 2025 guidance at 5.800-5.950 EPS. Analysts forecast that RTX Corporation will post 6.11 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on RTX. UBS Group boosted their price objective on shares of RTX from $166.00 to $177.00 and gave the company a “buy” rating in a research report on Wednesday, July 23rd. Bank of America boosted their price objective on shares of RTX from $150.00 to $175.00 and gave the company a “buy” rating in a research report on Wednesday, July 23rd. Wall Street Zen downgraded shares of RTX from a “buy” rating to a “hold” rating in a research report on Saturday, June 21st. Sanford C. Bernstein boosted their price objective on shares of RTX from $157.00 to $181.00 and gave the company a “market perform” rating in a research report on Monday. Finally, Susquehanna boosted their price objective on shares of RTX from $160.00 to $175.00 and gave the company a “positive” rating in a research report on Wednesday, July 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, RTX currently has a consensus rating of “Moderate Buy” and an average price target of $164.13.

Insider Buying and Selling

In related news, EVP Ramsaran Maharajh sold 1,462 shares of the stock in a transaction dated Wednesday, July 23rd. The shares were sold at an average price of $152.26, for a total value of $222,604.12. Following the sale, the executive vice president directly owned 13,184 shares of the company’s stock, valued at $2,007,395.84. This represents a 9.98% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Troy D. Brunk sold 7,654 shares of the company’s stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $155.20, for a total transaction of $1,187,900.80. Following the completion of the transaction, the insider owned 16,442 shares in the company, valued at $2,551,798.40. This represents a 31.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 56,635 shares of company stock worth $8,947,010 over the last three months. 0.15% of the stock is currently owned by company insiders.

RTX Company Profile

RTX Corporation, an aerospace and defense company, provides systems and services for the commercial, military, and government customers in the United States and internationally. It operates through three segments: Collins Aerospace, Pratt & Whitney, and Raytheon. The Collins Aerospace Systems segment offers aerospace and defense products, and aftermarket service solutions for civil and military aircraft manufacturers and commercial airlines, as well as regional, business, and general aviation, defense, and commercial space operations.